Micro Semester Exam Questions

Beschreibung

Micro P3
2016: Maria Jose
Quiz von 2016: Maria Jose, aktualisiert more than 1 year ago
2016: Maria Jose
Erstellt von 2016: Maria Jose vor fast 9 Jahre
8
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Zusammenfassung der Ressource

Frage 1

Frage
which of these is an example of an external E.O.S.?
Antworten
  • lack of communication within the companie
  • buying in bulk to reduce costs
  • area where the companie is located

Frage 2

Frage
In a diseconomy of scale the average cost may not always fall as the scale for production is increased
Antworten
  • True
  • False

Frage 3

Frage
which of the following are fixed costs
Antworten
  • rent
  • supplies
  • salaries
  • wages
  • utilities
  • insurance

Frage 4

Frage
In an economy of scale the average cost of a product decreases as production
Antworten
  • rises
  • falls

Frage 5

Frage
Utility is the satisfaction a consumer gets by [blank_start]purchasing[blank_end] a product
Antworten
  • purchasing
  • consuming
  • using

Frage 6

Frage
The LRAC is made of the tangency points of several SRAFC
Antworten
  • True
  • False

Frage 7

Frage
In the long run all inputs are [blank_start]variable[blank_end]
Antworten
  • variable

Frage 8

Frage
Which of the following are a type of demand
Antworten
  • effective
  • integral
  • external
  • latent
  • income
  • composite
  • substitute
  • derived
  • equilibrium
  • complementary

Frage 9

Frage
The substitution effect says that if the prices go up then you should keep purchasing those goods
Antworten
  • True
  • False

Frage 10

Frage
if the price of substitute goods rise then the demand curve
Antworten
  • shifts to the right
  • shifts to the left
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